Flipping your startup to Singapore 101

Mar 29

Flipping your startup to Singapore 101

Startup founders from South and South East Asia are often asked by their incoming investors to establish a HoldCo in Singapore. Futurebooks as experienced Company Secretaries have assisted numerous startups accomplish this by rolling up their IP, existing OpCo, investors and ESOPs into a newly established Singapore parent. Let’s dive into the nitty gritty.   […]

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Is Singapore Business Federation [SBF] Membership compulsory?

Mar 28

Is Singapore Business Federation [SBF] Membership compulsory?

Startup FAQs – Is Singapore Business Federation [SBF] membership compulsory? Startups that receive a funding round, and update their paid up capital to S$500,000 or its equivalent, are often unpleasantly surprised to receive a notice from the Singapore Business Federation that they have been mandatorily conscripted into the federation, and are now obliged to pay annual […]

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Balance requirements of two major banks in Singapore for BVI and Singapore incorporated companies

Mar 26

Balance requirements of two major banks in Singapore for BVI and Singapore incorporated companies

Quick overview of balance requirements by two major banks in Singapore for companies incorporated in Singapore and the British Virgin Islands. This list is updated as of March 2019. Jurisdiction of company incorporation : Singapore 🇸🇬 Bank SGD account USD account OCBC S$5,000 (waived for first six months) US$1,000 (waived for first six months) UOB S$10,000 […]

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Singapore taxability on overseas Director’s Fees received

Mar 25

Singapore taxability on overseas Director’s Fees received

This article answers the question: Do Singapore residents need to declare or pay taxes in Singapore on Director’s Fees received from an overseas company. Director’s Fees are defined as remuneration received strictly for occupying the office of Director. This is distinct from other forms of remuneration a Director may receive such as Salary. Director’s Fees […]

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The simplest entity structure for angel investors in Singapore

Mar 13

The simplest entity structure for angel investors in Singapore

This article is a quick read and will be helpful for angel investors in Singapore who: – have a local partner who is a citizen or permanent resident in Singapore – want a structure that is quick to register, low cost to maintain, and can have foreign investors – do not fancy complicated accounting The […]

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